JK Tyre & Industries Ltd. has announced a strategic investment in renewable energy, with its board of directors approving an investment of up to Rs.1.31 crore to acquire a 26% equity stake in Roofsol Renewables Five Pvt. Ltd. (RRFPL). The decision was made during a board meeting held on April 15, 2026, as disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Investment Details

The acquisition represents JK Tyre's commitment to sustainable energy solutions and regulatory compliance. The company will maintain a minimum 26% stake in RRFPL throughout the term of the Power Purchase Agreement, Share Subscription and Shareholders Agreement.

Target Company Profile

Roofsol Renewables Five Pvt. Ltd. operates in the power generation sector using solar energy. The company was incorporated on April 1, 2025, and is a wholly owned subsidiary of Roofsol Energy Pvt. Ltd. RRFPL was specifically established as a Special Purpose Vehicle (SPV) for setting up a captive power plant at JK Tyre's Laksar Tyre Plant in Uttarakhand.

Strategic Rationale

The acquisition serves a specific regulatory purpose, enabling JK Tyre to comply with captive power consumption requirements under Indian Electricity laws. This strategic move aligns with the company's operational needs at its Laksar facility while supporting India's renewable energy initiatives.

Key aspects of the transaction include:

• Regulatory Compliance: Meeting minimum shareholding requirements for captive power consumption
• Operational Integration: Supporting power needs at the Laksar Tyre Plant
• Renewable Focus: Investing in solar energy generation capabilities
• Strategic Partnership: Long-term commitment through shareholding maintenance

Transaction Structure

The investment does not constitute a related party transaction, with no promoter or group company interest in the target entity. The acquisition will be completed through cash consideration, ensuring a straightforward transaction structure without complex approval processes.

The board meeting, chaired by the directors, concluded at 5:30 PM on April 15, 2026, with Company Secretary Kamal Kumar Manik confirming the regulatory disclosures. This investment represents JK Tyre's continued focus on sustainable business practices and operational efficiency through renewable energy adoption.

JK Tyre & Industries Ltd has announced a key senior management appointment, bringing on board Shri Mandar Vighnahari Deo as President - India, effective April 14, 2026. The company informed stock exchanges about this appointment under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Appointment Details

The appointment sees Deo joining as a regular employee who will form part of the senior management team. The company made the announcement through official communication to both BSE Ltd and National Stock Exchange of India Ltd on April 14, 2026.

Professional Background and Experience

Shri Mandar Vighnahari Deo, aged 50, brings a strong educational foundation with a bachelor's degree in mechanical engineering from Pune University and both Master's degree and PhD from Pennsylvania State University. He has also completed his MBA from the Kelly School of Business at Indiana University.

Recent Leadership Role

Deo's most recent position was with Exide Energy Solutions Limited, a wholly owned subsidiary of Exide Industries, where he served as Managing Director and Chief Executive Officer. In this role, he played a pivotal role in establishing India's first lithium-ion cell manufacturing facility, which involved an investment of over Rs. 6,000 crores.

Extensive Industry Experience

Prior to his role at Exide Energy Solutions, Deo spent approximately 20 years with Cummins India and Cummins Inc., where he demonstrated versatile leadership capabilities:

• Held multiple leadership roles across various business units
• Managed profit and loss responsibilities
• Led diverse teams across manufacturing plants, technical centers, and sales operations
• Served as Board Director for Cummins Generator Technologies
• Held global roles in sales, marketing, and plant operations during his tenure in the United States of America

Strategic Value Addition

According to the company, Deo's deep industry knowledge and people-centric leadership approach will further strengthen JK Tyre's journey towards profitable growth. The appointment aligns with the company's vision of being a Green and Trusted Mobility Partner, leveraging his extensive experience in manufacturing and business leadership to drive organizational objectives.